NEW YORK (Commodity Online): The CME group has decide to alter margin requirement for trading metals and energies. The new margins will be effective after close of business day on Monday Feb 13, 2012.
As per the new guideline, the following are the margins for various commodities:
Margin cuts
-Brent crude oil margin reduced to $7425 per contract against the previous $8100
-1 month NYMEX crude oil initial margin reduced to $6885 per contract against the previous $7560
-COMEX 5000 silver futures initial margin cut to $21600 from the previous $24975
-COMEX copper initial margin cut to $6750 against the previous $7763
-COMEX 100 gold futures initial margin reduced to $10125 against the previous $11475
Margin raise
-NYMEX natural gas initial margin raised to $2565 per contract against the previous $2363
